The State Bank of Pakistan (SBP) recorded an increase of $21 million in its foreign currency reserves, bringing the total to $11.22 billion for the week ending February 21, 2025, according to data released by the central bank on Thursday.
A week ago, SBP reserves stood at $11.20 billion, reflecting a rise of $35 million. However, the central bank did not provide any explanation for the latest increase.
Meanwhile, the total liquid foreign exchange reserves held by the country, including those held by commercial banks, reached $15.92 billion, with commercial banks holding $4.70 billion of the total.
Reports suggest that the State Bank had purchased a record $9 billion from the local market last year to maintain stability in Pakistan’s foreign exchange reserves.
On the currency front, the Pakistani rupee weakened by 11 paisa against the US dollar in inter-bank trading, closing at Rs279.72, according to APP.